Yesterday Google released Checkout, the online transaction service and was intially code named as GBuy. It was touted as a direct competitor to eBay’s PayPal. However the initial focus is more on Online merchants rather than consumer to consumer payments, which is Paypal’s strength. As of now, most of the merchants supporting/using this service are in US and I couldn’t find any online merchant in India supporting this.
Check the review of Checkout by Conversation Marketing at this link: http://www.conversationmarketing.com/2006/06/reviewed_google_checkout_payme.htm
Also “checkout” the “Checkout” video tour (Confusing eh 🙂 )